Ferrari 250 LM at 2013 RM New York City

A 1964 Ferrari 250 LM Berlinetta will be among the headline offerings at the 2013 RM Auctions Art of the Automobile sale, scheduled for November 21st in New York City.

“Alongside the iconic 250 GTO, the 250 LM is one of the most coveted and collectible Ferraris of all time,” said Ian Kelleher, Car Specialist, RM Auctions. “We are honored to have been entrusted with the upcoming sale of 6107. It’s a terrific addition to our New York auction, and we expect its first public offering in decades will attract the attention of the world’s top collectors.”

With its mid-mounted, 3.3-liter V-12 engine, the featured Ferrari 250 Le Mans Berlinetta is the 24th of 32 examples produced. Chassis 6107, which features a Pininfarina body design with coachwork by Scaglietti, was delivered new to future Monterey Historics founder Steven Earle in November 1964. Mr. Earle used the car about town over the next several years, accruing only a few thousand miles during his ownership. Chassis 6107 then enjoyed a brief stint in the hands of one of Mr. Earle’s friends, Chris Cord, before being purchased in 1968 by Guillermo Ortega and Fausto Merello, two Ecuadorean privateers who competed under the banner of the Raceco Team. It was at this point that 6107 embarked on an extensive racing career, highlighted by its performance at the 1968 24 Hours of Daytona, where it finished 8th overall and 1st in class. Among other racing pursuits, 6107 was campaigned at the 12 Hours of Sebring in 1969, and it returned to Daytona that same year, where Merello was joined by Edward Alvarez and Ferrari driver Umberto Maglioli behind the wheel. Merello then took the 250 LM home to Ecuador, where he raced the car alongside Pascal Michelet, who purchased Ortega’s, and later Merello’s, stakes in the car, and who continued to campaign the car throughout Ecuador and Peru over the next several years.

1964 Ferrari 250 LM at 1968 24 Hours of Daytona (photo: Bill Warner)

Start of the 1968 24 Hours of Daytona (photo: Bill Warner)

1964 Ferrari 250 LM by Carrozzeria Scaglietti (photo: Michael Furman)

In the early 1970s, chassis 6107 was sold to the UK, where it was ultimately returned to its original Rosso Cina paintwork, a deep shade of red, before being sold to Japan in 1983, where it spent the next 30 years. Recently emerging from long-term, private display, chassis 6107 is expected to fetch in excess of $12 million USD when it goes under the gavel in November.

Alain Squindo, Vice President, RM Auctions, added, “6107 represents the pinnacle of 1960s vintage Ferrari collecting, combining rarity, beautiful design and a legitimate racing pedigree. Only a select number of cars can claim both originality and important race history, and of this group, few rarely come up for public sale, elevating the significance of this upcoming auction.”

The 250 LM leads an elite roster of automobiles at the highly anticipated Art of the Automobile sale. Additional notable entries include:

1936 Talbot-Lago T150C Cabriolet by Figoni et Falaschi, which is the prototype cabriolet and is one of the best executed examples of French automotive sculpture of all time (Estimate: $8,000,000–$10,000,000);

1963 Chevrolet CERV II, Zora Arkus-Duntov’s Corvette engineering test vehicle was a design and engineering inspiration for future Corvettes and was driven in period by Arkus-Duntov, Jim Hall, and Roger Penske (Estimate: $1,300,000–$1,800,000);

1960 Mercedes-Benz 300 SL Roadster that has had just two owners from new, including its original female ownership for 46 years. Boasts numerous Best of Class wins and special awards, having been judged as both a Preservation Class and full Concours Class vehicle (Estimate: $1,000,000–$1,400,000); and

Presented by RM Auctions, in association with Sotheby’s, Art of the Automobile is the first major collector car auction to be held in Manhattan in over a decade. With an emphasis on bespoke design and best of category examples, the sale will feature no less than 25 automobiles under the gavel at the November 21 auction. As a prelude to the sale, an exhibition that showcases the vehicles on offer will be held from November 18–20 on the 10th floor galleries at Sotheby’s New York—a setting customarily reserved for the display of world-class works of art offered at Sotheby’s.